Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$95,368$95,368$144,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$48,632$0
Funding fee$477$477$0
Note rate3.230%3.230%7.320%
Blended rate3.230%5.179%7.560%
1st payment$480.78$480.78$989.18
2nd payment$0.00$364.74$0.00
Taxes / mo$75.67$75.67$75.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$706.45$1,071.18$1,243.65
Cash to close$64,632$16,000$16,000